"WHERE KNOWLEDGE IS WEALTH"

Friday, March 30, 2012

“What is Leadership Decay?” - Professor M.S.Rao

“Leadership and learning are indispensable to each other.” - John F. Kennedy

Are you hardwired with your old successful leadership practices and principles? Do you think you will still succeed with your old leadership tools and techniques? Then you are trapped into leadership decay. It is time to know leadership decay prevent yourself from decaying.

What is Leadership Decay?

Leadership decay is about context and situation. People often think that what worked them to be successful previously will be relevant to achieve further success in future. In the prevailing rapid changing world, what worked in a particular scenario may not work in other scenarios. For instance, Jack Welch himself admitted that his management styles don’t work in the current context as there are rapid changes in technology. He said, “The Jack Welch of the future cannot be like me. I spent my entire career in the United States. The next head of General Electric will be somebody who spent time in Bombay, in Hong Kong, in Buenos Aires. We have to send our best and brightest overseas and made sure they have the training that will allow them to be the global leaders who will make GE flourish in the future.” In addition, Marshall Goldsmith substantiated the same in his famous book; Mojo What Got You Here Won’t Get You There. It means the leaders who reached to the current position may not reach to the next higher positions if they don’t change their leadership tools and techniques, and secrets and strategies because what worked for them to reach to the present success will not work to reach their next level. He says, people often think and apply the old practices as they were successful in the past thus decaying their leadership.

Leadership decay starts the movement the leaders get into the trap with their old mindset and practices. Hence, leaders must realize it, and overcome successfully to stay ahead of others. Leaders must continuously listen to their people to avoid leadership decay. They must continuously learn, and take feedback to enhance leadership effectiveness. Above all, they must learn to change, and reinvent constantly with latest technological tools and techniques to remain relevant, and to succeed in this cut-throat competitive world.

Professor M.S.Rao

Founder, MSR Leadership Consultants, India

Email: profmsr7@gmail.com

Blog: http://profmsr.blogspot.com

Where Knowledge is Wealth

Dear readers,

I would appreciate your comments about this article.

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1 comment:

rubalsabode said...

Totally agree with you. You have to learn new ways of doing things every day.